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house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting innovation in the sector. you guessed it, obamacare. a corda's ron cohen is here. ashley: apple making lots of news with its stock swings. reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclus
house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much...
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11/12
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if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the hour, i have your fox ne
if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250...
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so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we're not talking about that. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is arou
so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement...
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dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p down downgraded jack daniels and vodka, you know, allen hamilton in the third quarter, cairn vol, all borrowed to issue special dividends, and really interesting story is costco, the ceo has been out there saying americans have to pay their fair share and sacrifice. you know, a big supporter of the president. he's saving $4 million on the special dividends costco has advance of the tax hikes. the board saving about $8 million on a $29 million dividend they get early. this is the companies on the radar screen. not, you know, just for that, if you are out there saying, yes, america should pay the fair share
dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p...
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Nov 29, 2012
11/12
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if a deal in fiscal cliff is not reached, one in three jobless californians or 4000 people total could lose $450 per week in federal employment benefits that could be discontinued. also due to the high unemployment, debt and crime levels, california has been deemed the worst run state in the nation by 24/7 wall street, a financial news and opinion website. but the news is better in oregon, up north, medford oregon has been named the best housing market in the country. chosen based on data from case-shiller, economic and price data. santa fe, new mexico, the next best city. dennis: photo albums are a really popular gifts during the holidays and many including mosaic a quick and easy way to make any photo album on your smartphone. with more, let's bring in ceo who released the mosaic app earlier this month. thank you for being with us, tell us what it does. >> thank you, great to be with you. mosaic allows you to create a photo book for your phone. you can make it in less than five minutes on your phone. dennis: i get the app for free and i pay you for the book? >> you got it. typically
if a deal in fiscal cliff is not reached, one in three jobless californians or 4000 people total could lose $450 per week in federal employment benefits that could be discontinued. also due to the high unemployment, debt and crime levels, california has been deemed the worst run state in the nation by 24/7 wall street, a financial news and opinion website. but the news is better in oregon, up north, medford oregon has been named the best housing market in the country. chosen based on data from...
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11/12
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standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto loans. tracy: we'll. ashley: we'll have you will the very pering numbers ahead. tracy: after all that i said senator domenici's name wrong. nicole petallides is on the floor of new york stock exchange. nicole, stocks trying to hold onto this 50 point gain here. >> we're actually moving higher now. we're moving close to highs of the day. we sold off early on coming off heels of yesterday where a lot of folks were concerned about some comments from the prior day. we had harry reid and boehner gave us a boost yesterday. today we sold off and moved back and forth. we've been over the unchanged lin
standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto...